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Global Torque Converter Market- Trends, Price, Share and Growth Rate from 2018 to 2024
Our latest research report entitled Torque Converter Market (by type of transmission (automatic transmission, continuously variable transmission, and dual-clutch transmission), type of vehicle (passenger vehicle Dikembe Mutombo Authentic Jersey , and commercial vehicle)) provides complete and deep insights into the market dynamics and growth of Torque Converter. Latest information on market risks, industry chain structure Torque Converter cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Torque Converter growth factors.
The forecast Torque Converter Market information is based on the present market situation, growth opportunities Pete Maravich Authentic Jersey , development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Torque Converter on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel Spud Webb Authentic Jersey , raw materials, and industry verticals is offered in this report. According to the report, the global torque converter market is projected to grow at a CAGR of 5.92% over the forecast period of 2018-2024.
Ask for Sample Copy of Research Report with Table of Content @ A torque converter is a device that acts as a link between the transmission and the engine that allows a vehicle engine to spin separately from the transmission. It is a type of fluid coupling which transfers rotating power from a prime mover, like an internal combustion engine Dominique Wilkins Authentic Jersey , to a rotating driven load. In a vehicle with an automatic transmission, the torque converter connects the power source to the load. It is usually located between the engine’s flexplate and the transmission. The key characteristic of a torque converter is its ability to multiply torque when the output rotational speed is so low that it allows the fluid coming off the curved vanes of the turbine to be deflected off the stator while it is locked against its one-way clutch, thus providing the equivalent of a reduction gear.
Rising demand for automatic transmission systems is one of the primary factors that fuel the growth of the automotive torque converter market over the upcoming years. Additionally, the growth of the automatic transmission market is expected to be driven by the rising demand for driver assistance systems John Collins Authentic Jersey , along with the increased use of electronics in the vehicle further augment the demand for torque converters. However, torque converter transmission consumes more fuels compared to Dual Clutch and CVTs that restrain the growth of torque converter market. Moreover, the increase in the demand for comfort and safety is driving the technological shift from the manual transmission to the automatic transmission is providing huge growth opportunities for the key players in the torque converter market.